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Global Specialty Biocides Market 2019-2023| Increasing Use of Silver-Based Biocides to Boost Market Growth| Technavio

November 28, 2019
Global Specialty Biocides Market 2019-2023| Increasing Use of Silver-Based Biocides to Boost Market Growth| Technavio
Global Specialty Biocides Market 2019-2023| Increasing Use of Silver-Based Biocides to Boost Market Growth| Technavio

LONDON--(BUSINESS WIRE)--Nov 28, 2019--

The specialty biocides market size is expected to post a CAGR of over 5% during the period 2019-2023, according to the latest market research report by Technavio. Request a free sample report

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Technavio has announced its latest market research report titled global specialty biocides market 2019-2023. (Graphic: Business Wire)

There is a high need for wastewater recycling due to the growth of the population and rapid urbanization. The growing need for wastewater treatment is likely to increase the demand for specialty biocides. Although several water purification techniques are available, specialty biocides are generally preferred for water treatment due to their superior resistance to contaminants and high antimicrobial activity. They are widely used for water and wastewater treatment applications in the food and beverage, pharmaceutical, and chemical and petrochemical industries. Thus, the rising need for water and wastewater treatment chemicals is expected to drive the growth of the global specialty biocides market during the forecast period.

To learn more about the global trends impacting the future of market research, download free sample: https://www.technavio.com/talk-to-us?report=IRTNTR31556

As per Technavio, the increasing use of silver-based biocides will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other important trends and market drivers that will affect market growth over 2019-2023.

Specialty biocides Market: Increasing Use of Silver-Based Biocides

In recent years, silver has become the most preferred choice of metallic compound-based specialty biocides. It is primarily used to inhibit the growth of many types of microbes because of its low toxicity for humans and animals. It also prevents deteriorating effects such as discoloration, physical damage, corrosion, and foul odor. Currently, silver-based biocides are increasingly being used in medical and healthcare fields, including therapies, because of their antimicrobial properties. For instance, medical implants are coated with various forms of silver to prevent infections. Thus, the increasing adoption of silver-based specialty biocides for various applications such as healthcare, plastic, and paints and coatings is expected to drive the growth of the market during the forecast period.

“The rising demand for specialty biocides for use on construction materials is another factor that is boosting the expansion of the market. Specialty biocides are used to protect these materials from spoilage and microbial contamination. Moreover, increasing use of specialty biocides in the healthcare industry will also have a positive impact on the specialty biocides market growth,” says a senior analyst at Technavio.

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Specialty Biocides Market: Segmentation Analysis

This market research report segments the specialty biocides market by product (halogen compounds, inorganics, organic acid, metallic compounds, nitrogen-based, organosulfur, other products), by application (water treatment wood preservation, hygiene and disinfectants, paints and coatings, food and beverage, personal care, antifouling, oil and gas, agriculture, and other applications) and geographic regions (North America, Europe, APAC, South America, and MEA).

The North American region led the specialty biocides market in 2018, followed by Europe, APAC, South America, and MEA respectively. The growth of the specialty biocides market share in North America can be attributed to the rising demand for specialty biocides for applications such as water treatment, wood preservations, paints and coatings, oil and gas, agriculture, and antifouling.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

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Some of the key topics covered in the report include:

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191128005355/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

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UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: CHEMICALS/PLASTICS MANUFACTURING

SOURCE: Technavio Research

Copyright Business Wire 2019.

PUB: 11/28/2019 09:30 AM/DISC: 11/28/2019 09:30 AM

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